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Billionaire Profile
Chao Teng-hsiung
Global Rank
#1493

Image: Daumier, Honoré, 1808-1879 | Public domain | via Wikimedia Commons

Chao Teng-hsiung

CEO, Real estate
TAIWAN
Real-Time Net Worth
$2.771B
Estimated based on Real estate stock value as of March 6, 2026
-0.38% (24h)
Age
81
Source
Real estate
Industry
Diversified
Citizenship
TAIWAN

Biography

Chao Teng-hsiung is a Taiwanese businessman, currently ranked as the 28th wealthiest person in Taiwan and holding the 1362nd position globally among billionaires as of June 4, 2025. Born in 1944, Chao is 81 years old. He is the founder and largest shareholder of Farglory Group, one of Taiwan's largest real estate developers. Chao's wealth stems primarily from real estate ventures, including the flagship unit Farglory Land. His career has seen him rise from humble beginnings, overcoming poverty to become a prominent figure in the real estate industry, known for developing large-scale townships and high-tech industrial parks. In 2022, Chao was sentenced to seven years in prison on bribery and corruption charges, with the second trial still ongoing.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Chao Teng-hsiung was born on the western coast of Taiwan in 1944, into a family that experienced poverty. He moved to Taipei in 1966, taking on odd jobs. Starting his entrepreneurial journey, he saved money to supply cement to construction firms.

Rise to Success

Chao started Farglory Land in 1978, which would become one of Taiwan's largest real estate developers. He began developing his own projects, initially constructing buildings that combined factories and offices. Chao's company expanded its interests to include financial and retail services, air-cargo logistics, and hospitality.

Key Business Strategies

Chao's business acumen led him to be recognized as a leader in the development of mega-townships and high-tech industrial parks in Taiwan. His firm's interests extend to various sectors including real estate development, construction, insurance and finance, air cargo logistics, recreation and hospitality, and healthcare.

Philanthropy

While specific, verifiable philanthropy amounts were not found in the search results, his company, Farglory Group, has a commitment to charity work and various overseas investments.

Career Milestones

1978

Founded Farglory Land

Chao started Farglory Land, which became one of Taiwan's largest real estate developers.

2014

Frank Chao took over as chairman

Amidst a corruption scandal, Chao's son Frank took over as Farglory Land chairman.

2022

Sentenced to Prison

Sentenced to seven years in prison on bribery and corruption charges.

Philanthropy & Social Impact

Philanthropy

Charity work and overseas investments

Undisclosed

Farglory Group is involved in charity work and various overseas investments.

Controversies & Challenges

2014

Bribery Probe

Detained and held incommunicado in a bribery probe.

2017

Bribery and Corruption Charges

Facing multiple charges, including falsifying financial reports and bribery.

2022

Sentencing in the Taipei Dome Case

Sentenced to seven years in prison for corruption cases, including the Taipei Dome project.

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